Overview
- Customers can now select Monzo Flex buy now, pay later directly during Apple Pay checkout instead of converting purchases afterward in the app.
- Eligible transactions can be split into three interest-free monthly payments or spread over six or 12 months with interest.
- Using the feature requires an iPhone running iOS 26.1 or later, according to the coverage.
- If a Flex payment is missed, customers have seven days to pay in the app before possible credit-score impact and movement to a longer, interest-bearing plan.
- Monzo says it is the first UK bank to offer this on Apple Pay, as the FCA consults on BNPL rules set to begin in July 2026 with six months for firms to seek authorisation and research showing about 20% of UK adults used BNPL in the year to May 2024.